[LETTEREHEAD OF DECHERT PRICE & RHOADS]
July 26, 2000
Pilgrim Gold Fund, Inc.
40 North Central Avenue, Suite 1200
Phoenix, Arizona 85004-4424
Re: Pilgrim Gold Fund, Inc.
(File Nos. 2-72428 and 811-2881)
Dear Sirs:
We hereby consent to the incorporation by reference to our opinion as an exhibit
to Post-Effective Amendment No. 25 to the Registration Statement of Pilgrim Gold
Fund, Inc., and to all references to our firm therein. In giving such consent,
however, we do not admit that we are within the category of persons whose
consent is required by Section 7 of the Securities Act of 1933, as amended, and
the rules and regulations thereunder.
Very truly yours,
